Eurekahedge: Hedge Funds Gain 0.43% in May; Up 4.35% YTD

Jun 10 2015 | 10:03am ET

Hedge funds returned 0.43% during May, according to a flash update of the Eurekahedge Hedge Fund Index. It was the fifth consecutive month of gains for the index since the start of the year, and pushed the year-to-date return up to 4.35%. In comparison, the MSCI World Index gained 0.81% during the month.

The standout performer among Eurekahedge’s substrategy indices continues to be China. The firm’s Greater China Hedge Fund Index rose a further 2.79% during May and has now booked 25.21% so far this year, according to Eurekahedge.

Other key takeaways from the update:

•  Hedge fund assets under management increased by $86.5 billion in the first five months of the year.

•  The Eurekahedge Long/Short Equity Hedge Fund Index is up 7.17% for the year through May, versus 3.38% in all of 2014 and 6.79% for the MSCI AC World Index.

•  Assets under management for Asian hedge funds hit their pre-2008 high, increasing by $15 billion so far this year to reach the $176 billion mark.

•  CTA/Managed Futures funds posted their second consecutive month of losses, down 0.21% despite net asset inflows of $16.4 billion YTD.

•  Among ex-China regional indices, only the Eurekahedge Eastern Europe/Russia Hedge Fund Index and the Eurekahedge Latin American Hedge Fund Index declined during May, losing 0.76% and 1.06%, respectively. Leading the regional indices was the Eurekahedge Japan Hedge Fund Index, which rose 2.04%.

•  Among ex-CTA strategies, long/short equity managers led the pack, up 1.37%, followed by arbitrage (+0.44%), event driven (+0.30%), macro (+0.20%) and fixed income funds (+0.11%). On the negative side, multi-strat, distressed debt and relative value hedge funds were down 0.37%, 0.12% and 0.11%, respectively.

Eurkahedge’s flash update data is based on 33.61% of funds that have reported May 2015 returns as at 9 June 2015. 

Eurekahedge tracks asset flows, hedge fund performance and regional key trends across the hedge fund universe. The firm's database tracks more than 130 data points on more than 24,000 alternative funds.

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